Financial crisis seen hitting 20,000 London jobs

Financial crisis seen hitting 20,000 London jobs

uk.reuters.com

LONDON (Reuters) - As many as 20,000 jobs in London's financial district are likely to be wiped out due to the financial crisis, a survey showed on Sunday.

With up to 400,000 people employed in London's financial district, a fall of this scale could severely affect the economy, dragging commercial property prices down and hitting related industries such as IT and telecoms, it said.

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That's a heavy hit for a relatively small area. Anyone on this forum that works in that area and sees this as being viable?

uk.reuters.com
(visit the link for the full news article)